OptimoomFX

EurNzd- Down continuation?

Short
OANDA:EURNZD   Euro / New Zealand Dollar
After February's low around 1.6350, EurNzd recovered and reach, as I expected, 1.7 resistance.
A double top was formed here signaling that the correction is over
Now the pair is under the ascending trend line and we can speculate that the downtrend has resumed
I expect a new drop to 1.6350 support and only a break above resistance (1.7) would negate my scenario
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Comments

nice setup, here is hat i am looking right now
+1 Reply
Perfect analysis
+1 Reply
OptimoomFX Henry_Ross
@Henry_Ross, thanks
Reply
Good analysis. Let's wait for the breakout
+1 Reply
OptimoomFX SensibullTrading
@SensibullTrading, thanks for comm
Reply
retest breakout and fall is expected after that

thanks for sharing
+1 Reply
OptimoomFX MMBTtrader
@MMBTtrader, yes, this is the idea
Reply
Great chart
Thanks for your efforts
Reply
Awesome chart, thank you! 👍
Reply
Quality Content 😍
Reply
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